Western Asset Global Corporate Defined Opportunity Fund
38 hedge funds and large institutions have $115M invested in Western Asset Global Corporate Defined Opportunity Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
15% more funds holding
Funds holding: 33 → 38 (+5)
1.64% more ownership
Funds ownership: 40.5% → 42.14% (+1.6%)
2% more capital invested
Capital invested by funds: $113M → $115M (+$1.96M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$3.47M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
+$1.15M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.07M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$396K |
| 5 |
Citigroup
New York
|
+$338K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$1.65M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$533K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$460K |
| 4 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
-$459K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$411K |
GDO Hedge Fund Activity: Q4 2014 in Review
38 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Western Asset Global Corporate Defined Opportunity Fund (GDO) for Q4 2014, worth a combined $115M — up 1.7% from $113M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new GDO positions and 2 closed out — a net gain of 6 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was Financial & Investment Management Group, adding an estimated $3.47M. The largest seller was Saba Capital Management, cutting an estimated $1.65M.
- 38 institutional investors held Western Asset Global Corporate Defined Opportunity Fund (GDO) as of Q4 2014, up from 33 in Q3 2014.
- Funds reported $115M of Western Asset Global Corporate Defined Opportunity Fund stock for Q4 2014, up 1.7% quarter-over-quarter.
- 8 funds opened new Western Asset Global Corporate Defined Opportunity Fund positions in Q4 2014 and 2 closed out, a net change of +6 holders.
- The largest Western Asset Global Corporate Defined Opportunity Fund buyer in Q4 2014 was Financial & Investment Management Group, an estimated $3.47M added.
- The largest Western Asset Global Corporate Defined Opportunity Fund seller in Q4 2014 was Saba Capital Management, an estimated $1.65M sold.
Based on aggregated 13F filings for Q4 2014.